Somerville Kurt F Has Trimmed Its Holding in Schlumberger (SLB) as Share Value Declined; Water Asset Management Has Upped Holding in Artesian Resources (ARTNA) by $758,833

February 24, 2018 - By Louis Casey

Somerville Kurt F decreased its stake in Schlumberger (SLB) by 12.32% based on its latest 2017Q3 regulatory filing with the SEC. Somerville Kurt F sold 11,305 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 80,484 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $5.61M, down from 91,789 at the end of the previous reported quarter. Somerville Kurt F who had been investing in Schlumberger for a number of months, seems to be less bullish one the $92.03 billion market cap company. The stock increased 2.37% or $1.54 during the last trading session, reaching $66.5. About 7.65M shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since February 24, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Water Asset Management Llc increased its stake in Artesian Resources Corp (ARTNA) by 13.09% based on its latest 2017Q3 regulatory filing with the SEC. Water Asset Management Llc bought 20,509 shares as the company’s stock rose 11.36% with the market. The hedge fund held 177,163 shares of the water supply company at the end of 2017Q3, valued at $6.70 million, up from 156,654 at the end of the previous reported quarter. Water Asset Management Llc who had been investing in Artesian Resources Corp for a number of months, seems to be bullish on the $319.77 million market cap company. The stock increased 1.64% or $0.56 during the last trading session, reaching $34.75. About 11,106 shares traded. Artesian Resources Corporation (NASDAQ:ARTNA) has risen 34.39% since February 24, 2017 and is uptrending. It has outperformed by 17.69% the S&P500.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on April, 20. They expect $0.41 EPS, up 64.00% or $0.16 from last year’s $0.25 per share. SLB’s profit will be $567.41M for 40.55 P/E if the $0.41 EPS becomes a reality. After $0.48 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts -14.58% negative EPS growth.

Somerville Kurt F, which manages about $501.32 million US Long portfolio, upped its stake in Xylem Inc (NYSE:XYL) by 5,240 shares to 88,568 shares, valued at $5.55M in 2017Q3, according to the filing. It also increased its holding in Danaher Corp (NYSE:DHR) by 5,485 shares in the quarter, for a total of 130,401 shares, and has risen its stake in Fortive Corp.

Among 38 analysts covering Schlumberger Limited. (NYSE:SLB), 31 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 139 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Standpoint Research to “Hold” on Wednesday, April 20. The rating was initiated by Bernstein on Friday, December 2 with “Mkt Perform”. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Piper Jaffray on Friday, October 20. The firm has “Outperform” rating given on Monday, January 25 by Oppenheimer. Cowen & Co maintained Schlumberger Limited (NYSE:SLB) rating on Monday, January 25. Cowen & Co has “Outperform” rating and $75 target. FBR Capital maintained the shares of SLB in report on Monday, September 21 with “Outperform” rating. The stock of Schlumberger Limited (NYSE:SLB) has “Neutral” rating given on Tuesday, June 27 by Guggenheim. As per Thursday, October 1, the company rating was maintained by Oppenheimer. The firm has “Equal Weight” rating given on Monday, January 25 by Barclays Capital. The rating was maintained by Jefferies on Friday, June 30 with “Buy”.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. 1.20 billion shares or 11.55% more from 1.07 billion shares in 2017Q2 were reported. Creative Planning reported 0.03% of its portfolio in Schlumberger Limited (NYSE:SLB). Sequent Asset Ltd accumulated 13.8% or 338,762 shares. Forward Mgmt Ltd Company has 62,427 shares. Stratos Wealth Ptnrs Ltd reported 13,960 shares or 0.05% of all its holdings. Tcw Inc has 404,298 shares. Patriot Wealth has 1.14% invested in Schlumberger Limited (NYSE:SLB) for 101,233 shares. Rocky Mountain Advisers Lc holds 0.4% in Schlumberger Limited (NYSE:SLB) or 1,345 shares. Cornerstone Capital holds 204,963 shares or 2.5% of its portfolio. Sandy Spring Comml Bank has invested 0.56% in Schlumberger Limited (NYSE:SLB). 3,600 are held by Montag Caldwell Limited Company. Tradewinds Mngmt Limited Company reported 0.06% stake. Apg Asset Management Nv holds 350,092 shares or 0.04% of its portfolio. Van Hulzen Asset Mngmt Lc owns 2,954 shares or 0.07% of their US portfolio. Beacon Group owns 0.23% invested in Schlumberger Limited (NYSE:SLB) for 18,148 shares. Moreno Evelyn V owns 93,750 shares or 1.96% of their US portfolio.

Since October 24, 2017, it had 0 insider purchases, and 3 insider sales for $8.09 million activity. The insider AYAT SIMON sold 75,000 shares worth $5.91M. 3,500 shares were sold by SANDVOLD TORE I, worth $219,205 on Tuesday, October 24.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.02, from 1.31 in 2017Q2. It improved, as 5 investors sold ARTNA shares while 22 reduced holdings. 7 funds opened positions while 29 raised stakes. 3.53 million shares or 4.51% more from 3.38 million shares in 2017Q2 were reported. 111,301 were accumulated by Geode Cap Mgmt Ltd Limited Liability Company. Moreover, Deutsche Retail Bank Ag has 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA). Martingale Asset Mngmt LP holds 0.02% or 39,508 shares in its portfolio. Arrowstreet Capital Limited Partnership invested in 0.01% or 63,091 shares. Kbc Gp Nv holds 31,249 shares. Retail Bank Of America De reported 2,593 shares stake. Roffman Miller Assocs Pa reported 73,529 shares. Bancorporation Of Montreal Can has 5,882 shares for 0% of their portfolio. Metropolitan Life Insurance Co Ny reported 5,627 shares. North Star Inv has invested 0.13% in Artesian Resources Corporation (NASDAQ:ARTNA). Parametric Associates Lc holds 0% or 24,597 shares. Vanguard Grp Incorporated owns 345,391 shares for 0% of their portfolio. Philadelphia Tru Co reported 22,650 shares or 0.07% of all its holdings. Schwab Charles Inv Management stated it has 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Fruth Investment Mngmt stated it has 11,350 shares.

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